Target’s Acquisition of Delivery Startup Shipt Is an Effort to Catch Up With the Rest of the Industry

Target’s New Year’s decision: determining same-day grocery supply, contemplating the corporate’s newest acquisition of startup Shipt. The $550 million acquisition is yet one more transfer to maintain up with Walmart and Amazon. It is Target’s second acquisition of the 12 months, having purchased one other startup, transportation tech firm Grand Junction, in August. With the Shipt buy,…